In India, EMI Dishonour and Cheque Bounce cases both involve the failure to fulfill financial obligations, yet they DIFFER significantly in terms of their nature and legal ramifications. EMI DISHONOUR occurs when a borrower fails to make an Equated Monthly Instalment (EMI) payment on a loan or credit facility. This typically results from financial constraints … Read more
Bouncing or dishonour of cheque due to insufficient funds can be cleared subsequently by making the payment of the cheque amount to the Holder along with intimation. We at Cheque Bounce Advisor helps in clearing the payment of the bounced cheque with proper communication and suitable payment modes so as to avoid any future litigation. … Read more
Though the Cheque Bounce does not affect the CIBIL Score directly as concerned Banks do not report the dishonour of the cheques to major credit rating bureaus including CIBIL directly, however if the cheques issued against repayment of loans from financial institutions & NBFC are dishonoured repeatedly, the said institutions report the payment failure which … Read more